Bill Gross: Debt Worse than Greece

Noted bond investor Bill Gross says US debt is far worse than that of Greece.

Gross on debt

Bernanke: " Stop Holding Debt Ceiling Hostage"

Fed Chairman Ben Bernanke urges Congress to stop holding the debt ceiling hostage.  Here is an article from Yahoo Finance.  What do you think?

Bernanke Debt Ceiling

Greek Debt Downgrade

The national debt for Greece has just been downgraded from B to CCC, one step away from default.  How does this affect Europe's economy, and is this the track the United States is currently on?  Read these articles from the Wall Street Journal and judge for yourself.

Greek Debt Downgrade

Dangers of Default

End of Semester Humor

Here's a little end of semester economic humor.  Hope it puts a smile on your face!

A Real Yawner?

Vice President Joe Biden appears asleep (as do the people around him) for a full 30 seconds during President Obama's speech on the debt and deficit. Watch the video here.

http://www.knrs.com/cc-common/news/sections/newsarticle.html?feed=104768&article=8431334

The President's Deficit Reduction Proposal

Here is a link to the transcript of President Obama's speech on deficit reduction.  The link is directly from the White House website and includes video of the speech as well.  With a proposed $1 trillion in tax increases (all you wealthy students hang on to your wallets!), how does this compare with Congressman Ryan's proposal?  Compare, contrast and draw your own conclusions.

http://www.whitehouse.gov/the-press-office/2011/04/13/remarks-president-fiscal-policy

Path to Prosperity document

Some of you asked for the actual document Congressman Ryan created for his "Path to Prosperity" budget proposal.  Here is a link to the pdf file with the entire document.

http://paulryan.house.gov/UploadedFiles/PathToProsperityFY2012.pdf